They essentially take the lease option with the deposit on faith that they'll be able to fix whatever credit problems they have in the future enough to buy the house at a price above where the market is now.

Essentially the housing inspectors, building inspectors, buyers, and sellers become your boss.

Now, these fines are uncapped, and the lenders can be assessed additional damages up to TRIPLE THE AMOUNT of any FHA mortgage insurance benefit claimed by the lender!

Who will hold the title the trustee or the benefiter?

I just couldn't take what would essentially be a pay cut to work anywhere else full time.

What is the benefit of doing this, and if its for a rental, wouldnt you have to refi to get a good rate for holding the property?

"The change essentially makes it easier to dispose of your residence."

The benefits are that you don't have to actively be involved managing the property, it provides both monthly cash returns (based on the rents it gets) as well as equity growth and appreciation, and it is much easier to do an even-money exchange into a TIC.

Secondly, to have an IRA fund a portion and you fund a portion requires a lot of things as an IRA owner may not personally benefit from the IRA investments (prohibited transaction), as such, certain requirements must be followed to do such a thing.Also, there was mention of buying, fixing, then re-selling.

So, I'm not sure that there is any benefit to plugging numbers into a calculator when you could simply use the formula above.